What iLedgends does

iLedgends B.V. is a Netherlands-based Electronic Money Institution licensed by the Dutch Central Bank (DNB, relationship number R201891), founded in 2023 by entrepreneur Eran. The company operates a borderless digital banking platform targeting businesses that traditional banks systematically decline or under-serve — primarily compliance-intensive financial services firms such as CFD/Forex brokers, proprietary trading firms, gaming operators, and funds with dispersed shareholder structures, as well as globally operating e-commerce and marketing businesses. Its core proposition is account access with human-assisted, bespoke onboarding rather than fully automated screening alone.

The platform is built around four integrated products: multi-currency accounts spanning 30+ currencies and 13+ local payment rails (including SEPA and SWIFT), dedicated IBANs issued under client business names, real-time FX conversion with same-day settlement, and Visa-based virtual and physical corporate cards with real-time expense controls. Underlying infrastructure relies on a partner ecosystem: ClearBank Europe N.V. holds safeguarded customer funds in segregated accounts via the Stichting Derdengelden iLedgends foundation, while ComplyAdvantage and Sumsub provide AML/sanctions screening and KYC/identity verification respectively. The compliance layer includes bespoke transaction monitoring with automated anomaly detection and human intervention by a dedicated team.

The business model combines transaction-based revenue (payment processing fees, FX spreads, wire recall fees) with recurring account and service fees (multi-currency IBANs, corporate card issuance, account maintenance). Pricing is bespoke and governed by client-specific Fee Schedules and Merchant Agreements rather than published tiers. Distribution is direct and sales-led through a digital self-serve client portal complemented by specialized onboarding and inside-sales teams; no third-party resellers or platform-channel partners are used. The company operates from its registered headquarters in Hoofddorp/Wegalaan 20 and a regional office in Limassol, Cyprus, with a distributed team across the Netherlands, Prague, and Cyprus.

Name

iLedgends

Legal name

iLedgends B.V.

Website

https://iledgends.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

iLedgends is a Dutch-licensed Electronic Money Institution providing multi-currency accounts, dedicated IBANs, real-time FX conversion, and Visa corporate cards to compliance-intensive businesses, primarily CFD/Forex brokers, prop-trading firms, gaming operators, and complex-structure funds that traditional banks decline.

Ownership category

akta.pro rank

Product category

Business Banking Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199), Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

akta.pro secondary industries

Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Cross-border Payments & FX for E-commerce (CRAFALAF), Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Multi-currency business banking
• Electronic money institution
• Cross-border payment services
• Corporate FX conversion
• Dedicated IBAN issuance

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Transaction Processing Fees: iLedgends charges transaction service fees for processing payments through its platform. The fees are outlined in the Fee Schedule signed by each merchant, with specific rates determined based on the payment methods and services selected.
2. FX Conversion Revenue: Revenue generated from foreign exchange conversions with competitive FX rates and no hidden fees. The platform provides real-time conversions across 30+ currencies.
3. Account and Service Fees: Fees for multi-currency IBAN accounts, dedicated IBAN issuance, corporate card issuance and management, and general account maintenance as specified in the Merchant Agreement and Fee Schedule.
4. Recall Processing Fees: Processing fees for handling wire transfer recall requests, including fees charged by correspondent banks and intermediaries involved in the recall process.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

iLedgends is a Dutch-licensed Electronic Money Institution providing borderless digital business banking for compliance-intensive companies. Its offerings combine multi-currency accounts (30+ currencies, 13+ local payment rails including SEPA and SWIFT), dedicated IBANs issued under client names, real-time FX conversion with same-day settlements, and virtual/physical corporate Visa cards, all operated through a single dashboard with human-assisted bespoke onboarding and transaction monitoring.

Product overview

iLedgends is a borderless digital banking platform built as an Electronic Money Institution (EMI) licensed by the Dutch Central Bank (R201891). The platform operates as a unified ecosystem combining four core products: Multi-Currency Accounts providing global banking with 30+ currencies and 13+ local payment rails; Dedicated IBANs enabling personalized, branded payment flows; iLedgends FX for real-time foreign exchange conversion with competitive rates; and Corporate Cards (Visa) for virtual and physical card issuance with real-time expense controls. These products are designed specifically for compliance-intensive businesses seeking faster settlement times, wider global reach, and human customer support.

Differentiator

Problem solved

Functional benefit

Products and services

• Multi-Currency Accounts Global banking dashboard providing one addressable account for 30+ currencies and 13+ local payment rails, enabling businesses to send, receive, hold, and convert funds across multiple currencies with SEPA and SWIFT support. Targeted at internationally operating businesses that need consolidated multi-currency cash flow management.
• Dedicated IBANs Personalized IBANs issued under business or client names, enabling businesses to receive payments like a local bank with dedicated accounts for enhanced client trust, financial clarity, and scalable compliance. Targeted at businesses wanting branded payment flows and segregated accounts per client or entity.
• iLedgends FX Real-time foreign exchange conversion service with competitive rates across 30+ currencies, featuring live exchange rates, transparent pricing with no hidden fees, and same-day settlements for business scalability. Targeted at businesses executing frequent cross-border payments and currency conversions.
• Corporate Cards Virtual and physical corporate Visa cards with built-in security controls, real-time expense tracking, 3D Secure protection, and customizable spending limits per employee or team. Available in Europe, targeted at businesses needing controlled team spending and real-time visibility into corporate expenses.

Quantifiable outcome

• Same-day local settlement speeds through 13+ local payment rails
• +1 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature5 records

Partnerships

One partnership is on record.

• Stichting Derdengelden iLedgendscoreStrategic or Co-development PartnerA separate safeguarding legal entity established in accordance with Dutch and European regulations, designated to hold safeguarding accounts with ClearBank Europe N.V. This foundation ensures customer funds are protected at all times and remain insulated from any claims by creditors of iLedgends. Required by law for EMI licensing compliance.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Statrys: Statrys provides multi-currency business accounts and dedicated IBANs for Asian and European SMEs and startups operating internationally. It targets companies with cross-border payment needs very similar to iLedgends' general business segment, making it a close niche competitor.
• Airwallex: Airwallex provides multi-currency business accounts, local payment rails, FX conversion, and corporate cards — directly mirroring iLedgends' product set. It targets cross-border businesses and SMEs with global banking needs, making it a direct head-to-head competitor in the multi-currency business banking category.
• Paysera: Paysera is a licensed EMI offering multi-currency accounts, IBANs, and cross-border payments to businesses across Europe. Both iLedgends and Paysera operate under EMI frameworks with similar product features and target cross-border SMEs and merchants.

Emerging players

• OpenPayd: OpenPayd provides embedded finance infrastructure including multi-currency accounts, FX, and payment rails accessible via API to businesses and platforms. It serves a similar client profile of cross-border businesses needing global accounts, positioning it as a comparable infrastructure-led peer.
• Modulr: Modulr is a UK-based Payments-as-a-Service provider offering multi-currency accounts and payment rails through an API. It supplies embedded payment infrastructure that overlaps with the back-end capabilities iLedgends uses via ClearBank, making it a comparable fintech infrastructure player.

Others

• ClearBank: ClearBank is the credit institution that safeguards iLedgends' customer funds and provides core banking infrastructure. As iLedgends' key banking partner, ClearBank shapes the cost and capability envelope within which iLedgends operates, making it a critical ecosystem peer.
• Banking Circle: Banking Circle provides payment infrastructure, multi-currency accounts, and clearing services to financial institutions and fintechs. As a wholesale correspondent-style provider, it is an indirect peer operating at a layer below or alongside iLedgends' chosen infrastructure partner.

Broad incumbents

• Wise: Wise is a global leader in multi-currency accounts and cross-border payments for individuals and businesses. While iLedgends serves compliance-intensive niches Wise often declines, both offer multi-currency IBANs, FX, and same-currency local rails — making Wise the closest broad comparable for product surface area.
• Revolut Business: Revolut Business offers multi-currency accounts, dedicated IBANs, FX, and corporate cards to SMEs and enterprises. While broader in scope, the product overlap with iLedgends is substantial, particularly for international businesses managing global cash flow.
• Payoneer: Payoneer provides cross-border payment accounts, multi-currency receiving accounts, and FX services to freelancers, marketplaces, and SMBs. Its global multi-currency infrastructure overlaps significantly with iLedgends' cross-border payments offering for international businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iledgends

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about iLedgends